• Morgan Stanley’s 2026 endowments and foundations survey flagged rising portfolio complexity, pushing liquidity and governance higher on investment agendas.
• Alternatives rose to 36% of portfolios, overtaking US equities as the largest allocation, while fewer institutions plan further increases.
• Most respondents expect investment team headcount to stay flat, increasing reliance on external consultants, typically in relationships lasting over six years.
• Spending pressure is building, with 31% expecting higher portfolio spending over the next three years.
• Fundraising outlook stayed positive but cautious, with 38% expecting donations to rise in 2026 amid market volatility risk.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morgan Stanley published the original content used to generate this news brief on June 11, 2026, and is solely responsible for the information contained therein.